20sma
BIG 3 LONG CONTINUATION STRATEGYThis is the easiest strategy to trade
You wait until the price candles tell you what to do
Wait close above ma's - Wait for pullback - Wait for continuation candle
During today's US Session this trade happened
Rules are listed on chart
If you have any questions on this strategy or our many other free strategies PM me and I will be happy to help you.
AUDUSD > Short OpportunityAUDUSD - Short @ 0.78750
1W
IND: 20 SMA / 50 EMA
Area of Interest: 0.78750 > 0.78970
T/P 1 @ 0.7770
T/P 2 @ 0.7733
T/P 3 @ 0.7700
Extended @ 0.76600
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Simple Trading Strategy > 10/20 SMASimple Trading Strategy > 10/20 SMA > Basic Education
Chart: EURUSD
Timeframe: Any
Indicators: 10 SMA / 20 SMA
10 SMA = Faster
20 SMA = Slower
If 10 SMA crosses 20 SMA to the downside = downtrend probable
IF 10 SMA crosses 20 SMA to the upside = uptrend probable
Very basic only ... be aware of false breaks/breaches, etc. This is a very simple strategy which can provide good results. Practice on Demo Account to test.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
AUDUSD DAILY SHORTBREAK RETEST CONTINUATION PATTERN. PRICE BROKE OUT OF SUPPORT WHICH HAS NOW TURNED INTO RESISTANCE. PRICE HAD TESTED THE RESISTANCE THEN BOUNCED OFF FORMING A INVERTED HAMMER. THIS LEVEL IS ALSO IN CONFLUENCE WITH THE 0.5 FIB LEVEL AND 20 SMA IS WHICH ACTING AS A DYNAMIC RESISTANCE